A significant drawback of joint life insurance is that it only provides a single payout, either after the first death or the second. This means the surviving partner is left uninsured, often ...

But it’s also possible to buy joint life insurance as an unmarried couple, or when you are financially linked to another person through other means, such as being business partners. Joint life ...

It means whole life cover tends to be used as a financial ... The main difference between this and joint life cover for term life insurance is that with a joint whole life policy the payout ...